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Charter FinE Enhancement (Charter FinE) Program
Aimed to assist charter schools lower costs to access facility acquisition, renovation, and construction financing. The federally-funded Charter Finance Enhancement (Charter FinE) Program was created from an $10 million grant awarded through the federal “Expanding Quality Charter Schools Program – Grants for Credit Enhancement for Charter School Facilities” (CFDA #84.354A) grant competition in 2023. This program enhances financings to charter schools to lower costs associated for permanent charter school facilities.
Compliance Requirements
Based on this grant's program area, the likely funding agency is Department of Education (ED). ED auditors focus heavily on eligibility, cash management, and subrecipient monitoring, reflecting the pass-through structure of Title I and similar programs.
Key Compliance Areas
- Activities Allowed or Unallowed
Are all charged activities within the approved scope and budget?
Get the Financial Management Policy template (included with the $19 assessment)
- Allowable Costs/Cost Principles
Does every material cost have a documented allowability determination?
Get the Financial Management Policy template (included with the $19 assessment)
- Cash Management
Are drawdowns timed to match actual disbursement needs?
- Eligibility
Is eligibility determined and documented before benefits are provided?
- Reporting
Can every line on financial/performance reports be traced to source documentation?
Get the Grant Reporting Calendar template (included with the $19 assessment)
- Subrecipient Monitoring
Is there a documented risk assessment, monitoring plan, and audit finding follow-up for each subrecipient?
Get the Subrecipient Monitoring Plan template (included with the $19 assessment)
Take the free assessment to see how your compliance posture maps to this grant's requirements. 15 minutes, no account required.
Fit Scoring
Add your organization profile on the Grant Fit Checker to see personalized fit scoring for this grant.